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Wednesday, 26 October 2011

Luminar Group in administration

Following the suspension of shares Luminar Group Holdings Plc has gone into administration.  Read the announcement here.

Luminar Group operates 76 large nightclubs in the UK, The venues are divided into various brands, of which the main ones are Oceana, Liquid and Lava & Ignite.

The company is reportedly facing losses of £188m.  According to their website "Over 11 million people visit a Luminar nightclub every year."

The nightclub was in the news recently following the death of a clubber in an overcrowded club

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